EXHIBIT 10.17
TERMINATION
AGREEMENT
THIS TERMINATION AGREEMENT (the
“Agreement”) is made and entered into as of the
day of
,
2007, by and between HSW INTERNATIONAL, INC., a Delaware
corporation (the “Company”), and HOWSTUFFWORKS, INC., a
Delaware corporation (“HSW”).
WHEREAS, the Company and HSW are parties to
that certain Services Agreement, dated as of October 2, 2007
(the “Services Agreement”); and
WHEREAS, the parties desire to terminate the
Services Agreement in its entirety.
NOW, THEREFORE, for and in consideration of the
mutual premises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:
1.
Termination of Services Agreement . Effective as of
the date hereof, the Services Agreement is hereby terminated
and shall be of no further force and effect, and neither the
Company nor HSW shall have any further obligation or liability
under the Services Agreement.
2.
Binding Effect; Sev